Cost of acquisition in Tax neutral demerger of a foreign company :
CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
25 | Cost of acquisition in Tax neutral demerger of a foreign company | section 49(1)(iii)(a) |
Amendment | 1st April, 2018 | After amendment, as per section 49, that cost of acquisition of the shares of Indian company referred to in section 47(vic) in the hands of the resulting foreign company shall be the same as it was in the hands of demerged foreign company. |